WASHINGTON—The U.S. State Department has approved a possible $15 billion sale of an Integrated Air and Missile Defense (IAMD) Battle Command System (IBCS) and related equipment to Poland as it upgrades its air defenses, the Pentagon announced. Despite State Department approval, the notification did not indicate that a contract had been signed or that negotiations…
US Approves $15 Billion in Patriot and Missile Defense Upgrades for Poland
GE Plans to Invest Over $450 Million to Upgrade US Manufacturing in 2023
General Electric said on Thursday it plans to invest more than $450 million in its existing manufacturing facilities in the United States this year and hire more than 1,700 employees, in a bid to bolster its aerospace and energy businesses. The move comes as the Boston-based conglomerate is wrestling with inflationary and supply-chain pressures, and…
Here’s Why Credit Suisse Upgraded Tesla
Credit Suisse analyst Dan Levy upgraded Tesla Inc. to Outperform from Neutral with an unchanged price target of $1,025, implying an upside of 21 percent. An attractive entry point has emerged in the shares following the recent selloff, Levy notes. The company is a “one of one,” says the analyst, who is “hard-pressed to find a stock that…
Piper Sandler Upgrades GitLab, Sees 45 Percent Upside
Piper Sandler analyst Rob Owens upgraded GitLab Inc. to Overweight from Neutral with an unchanged price target of $100, suggesting a 45.2 percent upside. Many of the demand drivers that positively impacted cybersecurity spending in 2021 remain in play as we enter 2022, Owens tells investors in a research note. Add to that a “relatively optimistic” IT spending…
BMO Capital Upgrades PayPal to Outperform; Cuts Price Target By 19.4 Percent
BMO Capital analyst James Fotheringham upgraded PayPal Holdings Inc. to Outperform from Market Perform with a price target of $224, down from $278. The price target implies an 18.8 percent upside. Fotheringham cites valuation for the upgrade following 2021’s “de-rating,” where the stock went down from 51x to 28x on a rolling two-year-forward price-to-earnings basis. Tax-loss selling…
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